Musk and Twitter CEO seek to reschedule depositions over $44-billion buyout

0

Elon Musk and Twitter Inc. Chief Executive Parag Agrawal are seeking to reschedule their depositions in the company’s lawsuit over Musk’s $44-billion buyout, according to people familiar with the matter.

Musk and Agrawal were scheduled to sit down for questioning Monday. The billionaire’s deposition was supposed to start at 9:30 a.m. at a law office in Wilmington, Del., and Agrawal was scheduled to appear in San Francisco, court filings show.

Instead, Agrawal wants to reschedule his session for later this week, and Musk wants his to take place somewhere other than Delaware, according to the people, who asked not to be identified discussing a private subject.

Depositions often are rescheduled for the convenience of the parties to a legal dispute and their lawyers.

A representative for Twitter declined to comment on the matter. A spokesman for Musk’s lawyers also declined to comment.

The lawsuit is set for a five-day trial starting Oct. 17. Delaware Chancery Judge Kathaleen St. J. McCormick must decide whether the world’s richest person had legitimate grounds for walking away from the $54.20-per-share deal.

Each side has fired a volley of subpoenas at the other to elicit testimony and other evidence about the number of bot and spam accounts on the social media platform, among other subjects.

Musk claims Twitter deceived him about the quality of the platform’s user base, while the company alleges that is only a pretext for abandoning the deal.

McCormick will hold a hearing Tuesday on several fights over pretrial information exchanges, such as whether Bruce Falck, who oversaw product revenue at Twitter, must sit for a deposition.

The case is Twitter vs. Musk, 22-0613, Delaware Chancery Court.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest  Business News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment